The Multi Year Tariff Order (MYTO) is the Nigerian Electricity Regulatory Commission (NERC) pricing framework for determining the Nigerian Electricity Supply Industry (NESI) pricing model. One of the objectives of the NERC鈥檚 MYTO pricing model is to ensure regulated electricity end user tariff ...
FOLLOWING Federal Government’s New Year ‘gift’ through the Nigerian Electricity Regulatory Commission, NERC, of 50 percent hike in electricity tariff effective from January 1, 2021, Civil Society Organisations, CSOs, Tuesday, condemned and rejected the increase in all ramifications. ...
BREAKING: Massive Outcry As FG Approves Increase In Electricity Tariff May 5, 2022 9News Nigeria 0 The Nigerian Electricity Regulatory Commission (NERC) has approved requests by some Electricity Distribution Companies (DisCos) to increase their tariff rates, 9news Nigeria learnt. The DisCos Read ...
defined triggers. Some of these reforms will require enabling legislation. In fact, some of the legislations are already before you, for example, the Electricity draft Bill. Others will be coming, such as the Fiscal Responsibility draft Bill, the Procurement Commission draft Bill, draft Private ...
The decision of Nigeria's government to hike the price of natural gas for power generation companies has stirred concerns about an impending electricity tariff increase in Nigeria. The new rate has been set at $2.42 per metric million British thermal unit (mmbtu), up from the previous $2.18...
In attempting to answer the question, the paper begins with an historic analysis of the Nigerian electricity reform. The paper will also focus on the legal and regulatory framework of the sector in order to lay the contextual foundation for the benefits of liberalization. The paper concludes that...